EURUSD is testing lower rising trendline after heavy selling. A close below the trendline could push EURUSD towards the key support at around 1.0833
However, a dip to test the 0.786 retracement at 1.0928 could be seen.
Daily RSI without divergence is still showing positive sentiment and will remain so unless it closes below 40 threshold. A bounce could therefor be seen followed by uptrend resuming.
A close above 1.1150 will confirm uptrend has resumed.
A close below 1.0833 will change the picture on medium-term to bearish with downside potential to 1.07